Designed for accounting and auditing practitioners at all levels in public accounting, business and the not-for-profit world, this course provides a comprehensive presentation of the most recent accounting standards issued by the FASB and write-up, compilation, review and auditing standards issued by the AICPA. It also includes a review of selected important older standards.

Designed for accounting and auditing practitioners at all levels in public accounting, business and the not-for-profit world, this course provides a comprehensive presentation of the most recent accounting standards issued by the FASB and write-up, compilation, review and auditing standards issued by the AICPA. It also includes a review of selected important older standards.

Objectives:

* Become familiar with the AICPA's Financial Reporting Framework for Small and Medium Sized Entities (FRF for SMEs)Master the new FASB rules for Private Company Accounting * Gain knowledge of all the recent FASB accounting standards * Understand how these standards affect your practice or your entity * Understand the new rules for Accounting, Compilation and Review Services * Gain knowledge of all the recent auditing standards from the AICPA * For practitioners, understand how these will change your practice * For those in businesses or not-for-profits, know what changes to expect in the current year's audits, reviews, compilations and accounting services

Accountants in practice, industry or not-for-profits who need to know the latest rules for producing financial statements; Controllers and Accounting Managers with responsibility for financial statements; and practitioners who must be current on the new